2015 Malaysia Budget: How It Affects Singapore

It’s undeniable that Malaysia and Singapore share a close relationship and events that affect one country tend to affect the other. We take a look at the 2015 Malaysia Budget and pick out some key points.

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Every day, close to 300,000 commuters cross the Johor-Singapore Causeway and the Tuas Second Link for a variety of reasons. That’s an average of 12,500 people passing through the immigration checkpoints every hour, which is an amazing amount of foot traffic. Singapore also counts Malaysia as one of its closest trading partners – Malaysia is Singapore’s second largest exporter of goods and services while the little red dot that could is Malaysia’s largest importer, according to Trading Economics. Malaysia and Singapore are also heavily reliant on each other for the important commodity of water, thanks to the 1962 Water Agreement.

Whether Malaysians or Singaporeans like it or not, both of their country’s economic fortunes …